In the Southern South Carolina nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,160. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand dynamics specific to this region. The localized pay scale is a direct consequence of the area's economic drivers and the concentration of these roles.
Executive Summary
- Average Salary: $77,160 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,190.
- Outlook: The job market for Business and Financial Operations Occupations in Southern South Carolina's nonmetropolitan area is characterized by a workforce of 1,520 individuals. With a Location Quotient of 0.42, these roles are less concentrated than the national average, suggesting a niche presence rather than widespread abundance. The number of jobs per 1,000 workers stands at 28.357, indicating a moderate level of employment within this sector relative to the overall workforce.
Salary Overview
The average Business and Financial Operations Occupations in Southern South Carolina nonmetropolitan area earns-18.4%below the national average.
$37.1
$1,484
$6,430
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. Economic development and increasing demand for financial expertise typically drive upward salary adjustments, even in more localized markets. This projected growth suggests a potentially improving compensation landscape for professionals in this field within Southern South Carolina.
Business and Financial Operations Occupations Salary Distribution in Southern South Carolina nonmetropolitan area
Salary progression for Business and Financial Operations Occupations is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can earn considerably more. The percentile gaps in salary distribution, though not explicitly detailed here, signify the substantial career advancement and earning potential available to those who develop specialized skills and accumulate years of relevant experience within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,400 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,870 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,910 | $32.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,450 | $46.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,190 | $59.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,160
Gross Pay
Real Wage (Purchasing Power)
$77,160
Adjusted for COL (100)
The nominal average annual salary of $77,160 in Southern South Carolina's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This suggests that the purchasing power of the local salary is comparable to the national average, meaning that while the salary is lower than the national average, the cost of living does not exacerbate the difference. This equilibrium indicates that the take-home pay should offer a similar standard of living as experienced in a typical U.S. locale.
Job Market Context
1,520
Total Jobs
28.357
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Southern South Carolina nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.42 for Business and Financial Operations Occupations in Southern South Carolina's nonmetropolitan area indicates that these roles are significantly less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals vying for positions, but also implies that the demand might be more specialized or less robust compared to national hubs. Employers may find a smaller pool of candidates, potentially leading to different hiring dynamics.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Columbia, SC Business and Financial Operations Occupations Salary | $80,160↑ 4% | 13 mi |
| Sumter, SC Business and Financial Operations Occupations Salary | $78,580↑ 2% | 32 mi |
| Florence, SC Business and Financial Operations Occupations Salary | $75,360↓ 2% | 70 mi |
| Augusta-Richmond County, GA-SC Business and Financial Operations Occupations Salary | $84,220↑ 9% | 73 mi |
| Charleston-North Charleston, SC Business and Financial Operations Occupations Salary | $91,350↑ 18% | 91 mi |
Comparing salaries near Southern South Carolina nonmetropolitan area
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southern South Carolina nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southern South Carolina nonmetropolitan area is $77,160. This typically ranges from $37,400 for entry-level positions to $124,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern South Carolina nonmetropolitan area is 18.4% lower than the national median of $94,590.
Is Southern South Carolina nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered particularly lucrative compared to the national average.The average salary of $77,160 is substantially lower than the national average of $94,590, despite a national average cost of living. While the cost of living is not higher, the lower nominal wage indicates less lucrative opportunities in this specific region.
Is Southern South Carolina nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southern South Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern South Carolina nonmetropolitan area?
Some top paying nearby cities include Columbia, SC ($80,160) and Sumter, SC.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Southern South Carolina's nonmetropolitan area is $77,160, which is below the national average of $94,590.
What is the Cost of Living in Southern South Carolina nonmetropolitan area?
The Cost of Living Index for this region is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
How concentrated are Business and Financial Operations jobs in this area?
These roles are less concentrated than the national average, with a Location Quotient of 0.42, suggesting a smaller presence relative to the overall workforce.
What is the total workforce size for these occupations locally?
There are approximately 1,520 individuals employed in Business and Financial Operations Occupations within the Southern South Carolina nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,520 employees in the Southern South Carolina nonmetropolitan area area with a job density of 28.357 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Southern South Carolina nonmetropolitan area